Personal Loan vs Credit Card Calculator

Compare the true cost of Personal Loan EMI vs Credit Card EMI — and find out which option saves you more money.

Enter Your Details

Loan / Spend Amount
₹
Personal Loan Interest Rate (%)
%
Credit Card Interest Rate (%)
%
Tenure (Months)
Mo

Personal Loan

Monthly EMI
₹0
Total Interest
₹0
Total Cost
₹0

Credit Card EMI

Monthly EMI
₹0
Total Interest
₹0
Total Cost
₹0
💰 You save ₹0 with Personal Loan

Visual Comparison

Personal Loan vs Credit Card EMI — What's the Real Difference?

Both personal loans and credit card EMIs seem similar on the surface — you borrow money and repay in monthly instalments. But the devil is in the interest rate. Credit cards in India typically charge 24% to 48% per annum, while personal loans are available at 10% to 24%.

On a ₹2 lakh loan over 24 months, a personal loan at 14% costs roughly ₹30,000 in interest — while a credit card at 36% costs over ₹86,000. That's nearly 3x the cost!

Use this calculator to compare both options and find out exactly how much you save by choosing the right product. Also explore our Personal Loan EMI Calculator or our Loan Comparison Tool for deeper analysis. For the simplest EMI calculation, visit our EMI Calculator.

Frequently Asked Questions

Yes in almost all cases. Credit cards charge 24–48% annually while personal loans charge 10–24%. Always convert credit card outstanding to a personal loan to save significantly on interest.
Only for No-Cost EMI offers where the merchant absorbs the interest. Regular credit card EMI at 24–36% is very expensive compared to a personal loan.
The discount you could have gotten on upfront payment is foregone. Processing fees may apply. Always calculate the actual cost before assuming it's free.
Contact your bank for a balance transfer or personal loan against your credit card limit. Many banks offer this at 12–18% vs the card's 36%, resulting in substantial savings.